Educator-focused insurance company Horace Mann Educators (NYSE: HMN) will be reporting earnings this Wednesday after market hours. Here’s what to look for.
Horace Mann Educators missed analysts’ revenue expectations last quarter, reporting revenues of $429.3 million, up 3.1% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but a miss of analysts’ net premiums earned estimates.
Is Horace Mann Educators a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Horace Mann Educators’s revenue to grow 7.5% year on year, improving from the 6.1% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Horace Mann Educators has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Horace Mann Educators’s peers in the life insurance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Jackson Financial delivered year-on-year revenue growth of 139%, missing analysts’ expectations by 91.2%, and CNO Financial Group reported revenues up 5.5%, topping estimates by 1.4%. CNO Financial Group traded up 3% following the results.
Read our full analysis of Jackson Financial’s results here and CNO Financial Group’s results here.
Investors in the life insurance segment have had steady hands going into earnings, with share prices up 1.3% on average over the last month. Horace Mann Educators is down 4.2% during the same time and is heading into earnings with an average analyst price target of $50.50 (compared to the current share price of $51.82).
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